MacArthur Park Metro Apartments, Phases A & B
1901 W. 7th Street & 678 S. Alvarado Street, Los Angeles, CA 90057
Phase A: 90 Family Units, Phase B: 82 Family Units
Los Angeles Housing Partnership is pleased to partner with McCormack Baron Salazar on the proposed MacArthur Park Metro Apartments project. This transit-oriented, mixed-use development consists of two phases and includes a total of 172 affordable rental apartments above ground floor retail and a total of 338 parking spaces.
Phase A includes 90 large family apartments above approximately 15,000 square feet of ground floor retail and includes approximately 100 parking spaces for Metro commuters. Phase A includes street frontage along 7th Street, Bonnie Brae Street, and Westlake Avenue.
Phase B consists of 82 apartments above approximately 17,000 square feet of transit oriented retail. Phase B will be constructed directly above the Westlake/ MacArthur Park Redline Station.
Project financing includes private equity generated for both residential and commercial developments from Low Income Housing Tax Credits, New Market Tax Credits, Los Angeles Housing Department, Community Redevelopment Agency of the City of Los Angeles, Housing and Community Development Infill Infrastructure Grant, conventional financing, and other resources.
Metro Park Apartments broke ground on April 12, 2010 and is scheduled to be completed in March 2012.